In this issue

 

Following a slowdown thus far this year, growth in natural gas global demand is expected to rise in 2026, according to the International Energy Agency’s (IEA) latest quarterly ’Gas Market Report’…
Asian spot LNG prices softened last week, due to weaker demand and strong inventories and as south Asian buyers deemed prices were too high.
As part of its move towards a final investment decision (FID) on its Kakinada LNG development project, Crown LNG Holdings has signed a Memorandum of Understanding (MoU) with India’s Pipeline…
This year, the Middle East is on track to overtake Asia to become the world’s second-largest gas producer, behind North America.
Global gas consumption is projected to grow by 2% this year, primarily driven by rising demand in North America and Asia.
Italian energy company, Eni has agreed a long-term LNG supply agreement with major US plant developer, Venture Global.
Italian infrastructure company, Snam, has signed a memorandum of Co-operation with Gas Transmission System Operator of Ukraine (GTSOU).
The expiry of some long-term LNG contracts held by the three Queensland LNG consortia from 2030 offers an opportunity for the Australian government to ensure any future contracts include provisions to…
Thursday, 24 July 2025
Freeport LNG’s Texas export terminal was set to increase natural gas intake last week, following a shutdown of one of its three liquefaction trains earlier in the week, according to a company…
The Sabah government, through a company called SMJ Energy, has signed a heads of agreement (HoA) with Malaysia’s Petronas LNG to acquire 25% equity stake in the $3.1 bill nearshore…
Portugal's energy company Galp Energia has raised its core profit target for the full year after a better than expected performance in the second quarter.
The release of greenhouse gases from the LNG supply chain could be cut by more than 60% using today’s technologies, a recent report claimed.
Thursday, 10 July 2025
Asian spot LNG prices eased last week as subdued demand, rising supply and ample inventories weighed on prices.
Marinvest Energy Canada, a subsidiary of Bergen-based Marinvest Energy claimed there was a strong business case for an export facility in Quebec to supply European markets.

News Nudges

Petrobangla declines Liberia-flagged cargo

Bangladesh’s state energy company Petrobangla has declined to unload the LNG supplied by Saudi Aramco after the carrier Alhamra, built in 1997, failed to satisfy the technical and safety standards required for unloading at the country’s floating LNG terminal at Moheshkhali. The Liberia-flagged Alhamra is carrying about 61,000 tonnes of LNG.


Nine killed at Bangladesh LNG carrier break-up

Nine workers were killed and several others injured after hydrogen sulfide gas accumulated in a ballast tank of the former 138,000-m³ LNG carrier HL Ras Laffan (now Rasi, IMO 9176008) during dismantling at the Ferdous Steel yard in Sitakunda, Bangladesh. The Department of Explosives said the H₂S built up in a ballast area, not an LNG cargo tank, and measured 10.8 ppm about four hours after the incident on August 15, with officials suspecting concentrations may have exceeded 100 ppm at the time of exposure. The Ferdous Steel was ordered to suspend operations pending a safety audit.